The Stockholm based open banking platform Tink raised €90 million in funding, back in January this year. The company again received investment from PayPal and is extending support for the latter payment system in Europe. Tink is an open banking platform that enables banks, fintechs, and startups to develop data-driven financial services. This new deal is an extended commercial agreement between the two companies, which now includes all counties within the European Economic Area.
Under the deal, PayPal will employ Tink’s open banking and account aggregation technology to enable new user experiences for its customers. The expanded relationship and the new investment is linked to toTink’s previous €90 million investment round. Silicon Canals spoke exclusively with Daniel Kjellén, co-founder and CEO of Tink, to find out more about the company, funding details and more.